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Henderson 28792
201 Mcmillan Drive
$85,000
● House - Off Market

201 Mcmillan Drive

Hendersonville, NC 28792
bedrooms
2 Beds
bathrooms
2 Baths
square feet
840 Ft²
$492
Est. Monthly

About This Property

Great opportunity to own an affordable mountain getaway! With a little TLC this 2 bedroom, 2 bath home could make for a cozy retreat. The primary bedroom has its own private bath. Sit and enjoy the nature from the large wrap-around deck. Located just 30 minutes to historic downtown Hendersonville with quaint shops, restaurants, grocery stores, medical facilities and more. Per recent inspection, the septic system is not up to code and won't pass inspection.
Unit Size
840 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$119
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (CANOPYMLS #CAR4050602)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
Sep 26, 2024 In contract -
In contract
Jul 20, 2023 Listed by Keller Williams Realty Mountain Partners $100,000
Listed by Keller Williams Realty Mountain Partners

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1980
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 888
  • Building Area: 888
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • Legal Description 1: MCMILLAN DR ON

Neighborhood

  • School District Name: Henderson County Schools
  • Census Tract: 930301

Zoning

  • Zoning: 9932086~R3

Geography

  • Assessors Map Reference: MAP 0610
  • Account Number: 9932086
  • Parcel: 610429212
  • Block: 42
  • Lot: 9212
  • Municipality: EDNEYVILLE FIRE
  • Latitude: 35.3598
  • Longitude: -82.3044

    Address

  • Full Address: 201 Mcmillan Dr
  • Address - House Number: 201
  • Address - Street Name: Mcmillan
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Hendersonville
  • Zip Code: 28792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $48,402
  • Tax Rate Code Area: EDNEYVILLE

    Appraisal Valuation

  • Standard Deviation: 0.0784
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 106,631
  • High Value: 114,991
  • Low Value: 98,270

    Market Valuation

  • Market Total Value: $114,500
  • Market Land Value: $20,100
  • Market Improvement Value: $94,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,500
  • Assessed Land Value: $20,100
  • Assessed Improvements Value: $94,400

    Sales

  • Current Sale Contract Date: Jul 02, 2009
  • Current Sale Recording Date: Sep 04, 2009
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Henderson

Stats & Trends

Median Asking:

$456,790

Sale Price/ft²

$251

Below Asking

0.03%

Average Days on Market

75

Average Home Size

2288 ft²

Average Home Age

30.6 years

Currently For Sale

805 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CANOPYMLS

Listed by: Joe Hencoski, Keller Williams Realty Mountain Partners
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4050602
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Frequently Asked Questions

When was property at 201 McMillan Drive built and last sold?
The property at 201 McMillan Drive was built in 1970 and last sold on Jul 2, 2009 for $0.
How much is this home worth?
The estimated value of the home located at 201 McMillan Drive is $0.
What are some comparable homes to 201 McMillan Drive?
There are currently no comparable homes to 201 McMillan Drive.
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